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The Current

  • ‘People are tired of waiting’: San Diego home price hits all-time high even as mortgage rates rise

    ‘People are tired of waiting’: San Diego home price hits all-time high even as mortgage rates rise,Phillip Molnar

    San Diego County’s median home price hit a record high of $865,000 — despite rising mortgage rates. The median price was up 9.5 percent in a year in March, said CoreLogic data released Monday and up from the previous peak of $850,000 in November. San Diego County was part of a trend of rising home p

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  • 8 California real estate battles worth watching

    8 California real estate battles worth watching,Jonathan Lansner

    It’s playoff season for basketball and hockey with sports fans glued to the big matchups.But that kind of emotion and energy isn’t just limited to athletic contests. For example, there are plenty of big real estate battles brewing across California this spring.Now, the property game rarely has clear

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  • A Masterpiece On Beethoven Street, $2.7M

    A Masterpiece On Beethoven Street, $2.7M,Philip Ferrato

    In the Westside’s Mar Vista neighborhood, the Mexico City based architect Pablo Pérez Palacios of Pérez Palacios Arquitectos Asociados has designed a serene, yet visually challenging, new home unlike anything seen in Los Angeles. Finished in concrete and paying homage to great minimalists like Luis

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  • It’s official: San Diego’s sports arena is historic

    It’s official: San Diego’s sports arena is historic,Jennifer Van Grove

    San Diego International Sports Arena, the imposing concrete venue in the Midway District and the longtime home of the San Diego Gulls, is worthy of special recognition ahead of its expected demolition.On Thursday, San Diego’s Historical Resources Board voted unanimously, with Chair Tim Hutter recuse

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  • San Diego AI startup and Atlas Van Lines team up to make moving less painful

    San Diego AI startup and Atlas Van Lines team up to make moving less painful,Roxana Popescu

    Moving can be such a pain. A San Diego AI startup company just announced a deal with a major moving company to help make the process easier.The startup, Yembo, uses AI to analyze videos of people’s homes before they hire a mover. Moving companies then use the information gathered by Yembo to produce

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  • Big price tag: Construction starts on $98M affordable housing complex in City Heights

    Big price tag: Construction starts on $98M affordable housing complex in City Heights,Phillip Molnar

    Construction started Wednesday on one of San Diego’s most expensive subsidized housing developments in its history. The $98 million Cuatro development in City Heights, taking up four buildings, will have rent-restricted units for extremely low-income residents earning 30 percent to 60 percent of are

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  • Would-be homeless shelter landlord borrowed millions against proposed 35-year deal, county records show

    Would-be homeless shelter landlord borrowed millions against proposed 35-year deal, county records show,Jeff McDonald

    On the same day investor Douglas Hamm paid more than $13 million for the abandoned warehouse that San Diego Mayor Todd Gloria wants to lease for 35 years, Hamm borrowed more than $17 million from a private lender in El Segundo.According to county property records, companies owned by Hamm took out a

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  • Understanding HOA election rules and candidate statements

    Understanding HOA election rules and candidate statements,Kelly G. Richardson

    Q: Our HOA ballot package for the board election included three candidate statements that endorsed themselves as a slate, one of whom also criticized their opponent. In the past, candidate statements included bios, qualifications, and what they had done or will do, but did not mention opponents or e

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  • San Diego’s 58-year-old sports arena is historically significant. Can it still be demolished?

    San Diego’s 58-year-old sports arena is historically significant. Can it still be demolished?,Jennifer Van Grove

    Built in 1966, the San Diego International Sports Arena slated to be razed in a proposed redevelopment plan is historically significant for its contribution to the region’s economic growth after World War II, its association with a big name in the local sports industry and its New Formalism architec

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  • Westfield UTC is expanding with a new wing of luxury shops and destination restaurants

    Westfield UTC is expanding with a new wing of luxury shops and destination restaurants,Jennifer Van Grove

    Unibail-Rodamco-Westfield has started construction on an all-new wing of luxury shops and destination eateries designed to further elevate the status of its flagship Westfield UTC property in University City.Thursday, the French firm announced the expansion project, which will introduce 50,000 squar

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  • HOA Homefront: Ins and outs of electing HOA directors by ‘acclamation’

    HOA Homefront: Ins and outs of electing HOA directors by ‘acclamation’,Kelly G. Richardson

    Q: I came across an article in which you answered a question about election by acclamation. There is a lot of information on the internet about acclamation, but one item does not seem to be answered. Perhaps you can assist. Once a board determines/votes to elect candidates by acclamation at an open

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  • Homebuying revival? What Southern California’s one month of record sales, price jumps means

    Homebuying revival? What Southern California’s one month of record sales, price jumps means,Jonathan Lansner

    Has Southern California’s housing market awoken from its lengthy slumber?My trusty spreadsheet, peeking at February’s CoreLogic sales stats — the most recent available — found these record-setting nuggets …Sales: The 12,430 transactions completed in the six-county region — involving existing and new

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  • San Diego cuts ties with developer proposing to convert 101 Ash St. tower into a residential building

    San Diego cuts ties with developer proposing to convert 101 Ash St. tower into a residential building,Jennifer Van Grove

    San Diego has formally cut ties with the real estate developer proposing to convert the empty office tower at 101 Ash St. into a residential building.Thursday, the city informed developer Reven Capital in a letter delivered via email of its decision to end negotiations, citing an impasse on terms in

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  • San Diego rent prices are hardly moving. Here’s where you might find a deal

    San Diego rent prices are hardly moving. Here’s where you might find a deal,Phillip Molnar

    San Diego rent growth skyrocketed during the pandemic but now appears to have come back down to earth and — depending where you live — there might be a deal to be had. The average monthly rent in the first quarter was $2,402, said real estate tracker CoStar, up 0.6 percent in a year. That’s at the s

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  • Retail developers weren’t interested in this San Marcos vacant lot, so here come new apartments

    Retail developers weren’t interested in this San Marcos vacant lot, so here come new apartments,Phillip Molnar

    San Marcos recently approved a new 119-unit apartment complex on a piece of land that had been vacant for decades. The roughly $35 million Capalina Apartments complex is expected to break ground in the fall and take about 18 months to build. It is the city’s first new apartment project in more than

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  • Why it’s hard to get volunteers for your HOA board

    Why it’s hard to get volunteers for your HOA board,Kelly G. Richardson

    Filling open HOA board seats is a vexing and discouraging problem for some associations. However, there may be reasons why neighbors are not interested in serving. Could any of the below characteristics describe your association?Volunteer managers. Do directors spend many hours each week on HOA busi

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  • Benefactor steps in to help San Diego entice developers to remake downtown’s Civic Center

    Benefactor steps in to help San Diego entice developers to remake downtown’s Civic Center,Jennifer Van Grove

    A prominent philanthropic organization has cut a $303,000 check to hire an outside consultant to help San Diego sidestep repeat failure as it seeks to secure developer interest in remaking the city’s Civic Center real estate.On Tuesday, the Prebys Foundation and the Downtown San Diego Partnership an

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  • More incorrect statements about ‘toxic mold’

    More incorrect statements about ‘toxic mold’,Kelly G. Richardson

    Misleading and self-serving statements by the “toxic mold” industry continue to grab attention. This second installment lists further wrong statements followed by the truth.You cannot personally handle mold. Many mold consultants treat mold as if it were asbestos. Asbestos is dangerous and is very d

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  • San Diego median home price hits $825K. Will the increases continue?

    San Diego median home price hits $825K. Will the increases continue?,Phillip Molnar

    San Diego County home sales have picked up after a dismal few months. There were 2,132 sales in February, up 27.1 percent from January, said CoreLogic data, which was tied for the lowest-ever sales month in records going back to 1988. February’s numbers mark the most sales in a month going back to A

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  • Will people continue to move away from San Diego County?

    Will people continue to move away from San Diego County?,Phillip Molnar

    Nearly 31,000 more people left San Diego County than moved here between July of 2022 and July of 2023, the U.S. Census Bureau recently reported.With the exception of the first year of the pandemic, when the net outflow exceeded 33,000, that volume of people exiting the county hasn’t been seen in nea

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